ChaosTrader63

ChaosTrader63

Were going to be looking for a short opportunity on the GBP vs NZD on the 4 hour time frame. Price has moved up and formed a top and then started to range between the high of 2.00748 and our support level at 1.98000 Price has since broken our support level and we are looking for a retracement back to that level. Since we have a plan we wont go chasing the market...

ChaosTrader63

Looking at the 4 hour time frame of the AUD vs USD you can see price is approaching a supply zone and already beginning to react to this level. our last candle just missed piercing the level but we are looking for price to move to this level without violating the level in order to take our short opportunity. If price moves within the zone and comes back out to the...

ChaosTrader63

Looking at this daily chart of the EUR vs AUD it really couldn't be any clearer as we see price was in an up trend which started on 8-10-12 but the steeper move progresses from 4-5-13 which brings us to the double top resistance level. Price first formed the resistance level topping out at 1.49934 before forming support at the 1.44484 and moving back up to form...

ChaosTrader63

Here we have a chart of the EUR vs CAD 4 hour time frame but on the daily chart you would see that the pair has been in an uptrend since 8-16-12. This most recent bear run is a 61.8% retracement of the move up from 1.36640 to the most recent high at 1.41260. We are currently bouncing on a support level @ 1.38269 and the price action is suggesting that this level...

ChaosTrader63

Looking at the AUD vs JPY 4 hour time frame you can see the S & R levels @ 87.5 and 90.0. Price is inside of the Kumo Cloud with a TK Cross happening inside the Kumo making this a medium strength bullish signal but the pink line which is the Chikou is still below price which tells us the momentum is not there for a long trade at this time. If price breaks above...

ChaosTrader63

Looking at the GBP vs JPY on the 4 hour time frame we can see first the awesome oscillator, which shows divergence against price on this time frame. Also, we are up against a daily and psychological resistance level & 154.0 I am expecting at least a short term downward move to the Kumo Cloud level at roughly 152.5 and possibly a drop to the daily time frame Kijun...

ChaosTrader63

The USD vs JPY on the daily time frame shows the pair in an symmetrical triangle pattern which normally is a continuation pattern. The pair has been in an uptrend 8 straight months starting in October 2012 until the past 3 months of a minor retracement of 38.2 on the monthly time frame. If the pair breaks the trend line upwards I am expecting the move to 103.700...

ChaosTrader63

The USD vs JPY on the daily time frame shows the pair in an ascending triangle pattern which normally is a continuation pattern. The pair has been in an uptrend 8 straight months starting in October 2012 until the past 3 months of a minor retracement of 38.2 on the monthly time frame. If the pair breaks the trend line upwards I am expecting the move to 103.700 for...

ChaosTrader63

The GBP vs AUD has been on an uptrend since 4-11-2013 and looking at the daily time frame and the 4 hour time frame the pair is bullish based off of the Ichimoku Kinko Hyo. The pair currently is bouncing on a minor support level @ 1.72479. The previous retrace and the bounce on the support level is our purpose to trade the level with a tight stop just below the...

ChaosTrader63

Looking at the AUD vs JPY on the 4 hour time frame we can see price breaking to the downside of the Kumo Cloud which is acting as a support level. Once price closes below the Kumo we can enter our trade. Looks like price was trending downwards hitting the 86.500 level before retracing just over 50% of the previous move down at 90.00 Price has since continued it's...

ChaosTrader63

Looking at the EUR vs AUD 4 hour time frame we see price breaking outside of the Kumo cloud for a Kumo breakout. The Kumo is the last line of resistance within the ichimoku system at about 1.47215. Price broke out of the range below the Kumo at 1.46000 and continued though the Cloud. Since price is about 150 pips away from the Kijun I am expecting a pullback. If...

ChaosTrader63

Looking at the GBP vs USD on the 4 hour time frame we see all Ichimoku signals are bullish with price being above the Kumo cloud. The pair has been in a clear uptrend and should continue upwards to the next resistance point @ 1.57326. Price currently broke the previous fractal level resistance high after a slight pullback therefore triggering a long trade entry ....

ChaosTrader63

Looking at the NZD vs USD on the daily chart we can see price attempting to break above the Kumo. If price can violate the Kumo we can look for price to continue a bullish trend. Also at the daily Kumo level we can see the Monthy Kijun holding as a S & R level. With price breaking this confluence of resistance we would expect a trend upwards. We can enter the...

ChaosTrader63

Looking at the NZD vs JPY on the 4 hour time frame we see price extending after a pullback. Currently price is sitting right at the most previous fractal resistance level at 79.426. With a break and close above this level we would be expecting price to continue trending upwards. Our immediate level of concern would be the Daily Kumo resistance level @ 79.666 Once...

ChaosTrader63

Looking at the EUR vs JPY on the daily time frame we see the daily candle barely pierce the bottom of the Kumo Cloud. Once the candle closes below the Kumo this represents a bearish bias. Therefore with Ichimoku rules we have all signs bearish except our Kumo future is still bearish and price is not outside of the Kumo. I believe we will see price close below the...

ChaosTrader63

Looking at the GBP vs USD on the 4 hour time frame you can see that we are entering a trade at the break of the resistance level @ 1.53410. The long green candle was the 4 hour breakout of that level and upon the close trade was triggered. Now I am expecting a pullback of this recent move and a better entry would have been a pullback to 1.53500 level which we may...

ChaosTrader63

Looking at the AUS vs JPY you would think this post was a repeat but it's not! The AUD vs JPY is a mirror image of the NZD vs JPY daily chart. With this chart we can get some clues on the NZD vs JPY. Both moves began last June with the AUD vs JPY starting @ 74.487 and topping off @ 105.446. On the monthly time frame the pair was about 1200 pips away from the Kijun...

ChaosTrader63

Today with price closing outside of the Kumo this represents bearish sentiment with the ichimoku system. Price has not been on the bearish side of the Kumo since breaking the Kumo July 4th of 2012. Nice long bullish run! That bullish run really started in June of 2012 @ 57.985 until the high of 86.430. Knowing this you might want to look at the monthly time frame...